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Use the following information to calculate the cost of goods sold. Beginning inventory $450 Merchandise cost 1,500 Transportation-in cost 125 Cost of goods in ending

Use the following information to calculate the cost of goods sold.

Beginning inventory $450
Merchandise cost 1,500
Transportation-in cost 125
Cost of goods in ending inventory 525

$2,600
$2,075
$1,300
$1,550

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